Citizen Investment Trust reports 20% increment in net profit; Net worth per share at Rs. 238
Sun, Nov 22, 2020 10:38 AM on Latest, Company Analysis,
Citizen Investment Trust (CIT) has reported a net profit of Rs. 14.59 crores in the first quarter of the fiscal year 2077-2078. This is an increase of 20.63% compared to the corresponding quarter of the previous year.
As per the report published by the company, the paid-up capital stands at Rs. 1.64 Arba. The calls in advance of the company decreased by 17.87% to Rs. 13.59 crores in this quarter. Similarly, the company reported a reserve and surplus of Rs. 8.28 Arba.
The earnings per share stood at Rs. 33 whereas the net worth per share stood at Rs. 238. The company reported a Return on Investment of 8% which is a decline in this quarter. This is mainly because the company has a major investment in fixed deposits in the banks and due to the lower interest rate, the company’s deposit yielded a lower return.
Major Highlights:
|
Particulars ('000) |
Citizen Investment Trust |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,640,699 |
1,102,300 |
48.84% |
|
Calls in Advance |
135,926 |
165,500 |
-17.87% |
|
Reserve & Surplus |
8,284,850 |
4,678,800 |
77.07% |
|
Insurance Fund Liability |
782,800 |
750,000 |
4.37% |
|
Total Investment |
150,554,510 |
130,990,900 |
14.94% |
|
Total Income |
261,250 |
224,300 |
16.47% |
|
Administrative Expenses |
50,379 |
50,200 |
0.36% |
|
Net Profit |
145,965 |
121,000 |
20.63% |
|
Return on Investment (%) |
8% |
9% |
-12.17% |
|
Fund to Investment Ratio |
98.57% |
98.54% |
0.03% |
|
Cost of Fund (%) |
6.94% |
8.13% |
-14.64% |
|
Earnings per share (Rs.) |
33 |
38 |
-13.16% |
|
Net worth per share (Rs.) |
238 |
184 |
29.35% |
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